Tag Archives: debt collection

California’s top lawyer has filed a suit against JPMorgan Chase for fraudulent and unlawful debt collection practices. Attorney General Kamala Harris accused the lender of burying California courts in thousands of debt collection lawsuits without verifying the validity of the suits or even serving the defendants with court papers. The suit specifically alleges a widespread practice of robosigning — signing hundreds of pages of legal paperwork without reading them — in JPMorgan Chase’s credit card collection efforts. JPMorgan Chase was …

Think your salary is a closely kept secret between you, your boss and your tax attorney? Think again. Equifax, one of the three major credit reporting companies, has created a massive database that contains workers’ salaries and employment information — some of which is sold to debt collectors, according to an NBC News report. The personal disclosures come through the Work Number, an Equifax company that solicits employers for human resources information like employment history, compensation and other data. The …

Discover Defrauds Customers, Must Pay $200 Million You may get calls from credit card companies asking whether you’d like to hear about additional products they offer. If you said yes to a call from Discover between December 2007 and August 2011, you may be in for a little extra cash. Discover has settled deceptive marketing charges brought by the FDIC. The bank was accused of tricking customers into paying for extra credit protection programs. Find Out More…   Avoid Defaulting …

Job Hunting with a Criminal Record There are 65 million adults in the United States with criminal arrest or conviction records. A criminal record can interfere with your ability to find and keep a job, particularly since 90 percent of U.S. employers perform criminal background checks on their job applicants. Is an old arrest or conviction hurting your job hunting? Find Out More…   Blue States Considering Stricter Gun Bans In the wake of a rash of rampage-style mass shootings, …

U.S.consumers are $18.7 billion dollars behind on their credit card debt. Increasingly, banks are taking delinquent borrowers to court, suing them for payment. Often, these borrowers never show up in court to contest the charges. This can be a big mistake, especially because the documents submitted to the court frequently include costly errors.   Failure to Act Has Consequences When a debtor fails to contest credit card charges or show up in court, the bank or collection agency wins the …